Global Bakery Premixes Market is expected to foresee significant growth. North America to lead the growth!

• Vikas Kumar
• November 19, 2022
• CONSUMER GOODS, NEWS
• Bakery Premixes Market, Bakery Premixes Market forecast, Bakery Premixes Market Growth, Bakery Premixes Market news, Bakery Premixes Market Share, Bakery Premixes Market Size, Bakery Premixes Market Trend
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Bakery premix is a blend of unique baking ingredients that adds flavour, texture, and colour to bakery products such as cakes, pastries, white bread rolls, baking flour, muffins, and others. These premixes offer various benefits to manufacturers, such as greater product consistency along with reducing the chances of incorrect weighing of raw materials utilized in the process of bakery products coupled with reduced labour & inventory costs. Thereby, boosting the demand for bakery premixes across the globe. Furthermore, the growth of the bakery premixes market can be attributed to the rise in demand for various bakery products having unique textures and tastes along with the growing trend of spending on ready-to-use food products globally.

The Bakery Premixes Market is expected to grow at a steady rate of around 5% during the forecast period. Furthermore, the increase in demand for customized bakery products, the availability of multiple ingredients from a single source encouraging investments by key players and the increase in the number of new and innovative product launches are some of the prominent factors contributing to the growth of the market.

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Based on the type, the bakery premixes market is segmented into the complete mix, dough-base mix, and dough concentrates. The complete mix segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe owing to the growing preference for complete mixes in the food service industry as it serves as a cost-effective option for them. Therefore, the rapid growth in the food service sector will drive the growth of this segment in the upcoming years.

Based on application, the market is fragmented into bread products and bakery products. The bread products segment is expected to grab a considerable market share in 2020 and is expected to grow with a lucrative CAGR during the forecast period as it is a staple food in various countries and has witnessed a demand for developing nations. Also, many bread manufacturers are focusing on developing innovative products such as gluten-free, whole grain, etc. 

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For a better understanding of the market adoption of the bakery premixes industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. The major factors such as rising disposable income, changing consumer trends for bakery products and steady consumption of bread among the American population. Moreover, due to urbanization and the increase in the working population, the growth of out-of-home consumption is on the increase. As a result, it increases the demand for instant and nutritious bakery products among the population in the region. Thereby, boosting the bakery premixes market in the region.

Some of the major players operating in the market include London Dairy Co. Ltd, Kellogg Co., ADM, Corbion, Bakels Group, Cargill, Royal DSM, Glanbia PLC, Oy Karl Fazer AB, Puratos Group.

Global Bakery Premixes Market Segmentation

Market Insight, by Type

• Complete Mix
• Dough-base Mix
• Dough Concentrates

Market Insight, by Application

• Bread Products
• Bakery Products

Market Insight, by Region

• North America
  •  US
  •  Canada
  •  Rest of North America
• Europe
• Germany
• United Kingdom
• France
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Rest of the World

Top Company Profiles

• London Dairy Co. Ltd
• Kellogg Co.
• ADM
• Corbion
• Bakels Group
• Cargill
• Royal DSM
• Glanbia PLC
• Oy Karl Fazer AB
• Puratos Group